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Griffin Capital Interval Fund Reaches $1.7 Billion in AUM in Three Years

Griffin Institutional Access Real Estate Fund (NASDAQ: GIREX, GCREX, GRIFX, GLREX, GMREX), a closed-end interval fund sponsored by Griffin Capital, reaches $1.7 billion in assets under management in three years.

From inception through May 31, 2017, the fund generated a total cumulative return of 23.07 percent and an annualized return of 7.38 percent with a Sharpe Ratio of 3.38. During the same period, the Sharpe Ratio of the S&P 500 was 0.90.

“Amidst a macro economic backdrop that included terrorist attacks, “Brexit,” interest rate increases by the U.S. Federal Reserve and the change of presidential administrations, we posted positive returns in 12 out of 12 quarters since the fund’s inception,” said portfolio manager, Randy Anderson. “Moving forward, the only certainty within the financial markets will be more uncertainty.”

He added, “As the markets continue to evolve, we will remain diligently focused on monitoring developments in fiscal policy reform and geo-political events, which may provide opportunities to mitigate risk and drive returns.”

Griffin Institutional Access Real Estate Fund is an actively-managed portfolio of private real estate funds and public real estate securities that is priced daily and offers periodic liquidity at net asset value. The fund makes quarterly offers to repurchase between five percent and 25 percent of its outstanding shares at net asset value.

The fund began reporting on NASDAQ on June 30, 2014 with an initial share price of $25.00 and reported a share price of $26.56 for Class A, $ 26.20 for Class C, $26.68 for Class I, $26.55 for Class L, and $26.47 for Class M as of June 29, 2017.

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